[Explanation] On February 23, the State Information Office held a press conference on the reform and development of state-owned enterprises.
When introducing the specific situation of the international operation of central enterprises, Hao Peng, director of the State-owned Assets Supervision and Administration Commission, said that at present, the overseas assets of central enterprises are about 8 trillion yuan and the number of overseas employees reaches 1.25 million.
[Concurrent] Hao Peng, Director of SASAC
At present, central SOEs have about 8 trillion yuan in overseas assets, have more than 8,000 institutions and projects in more than 180 countries and regions around the world, and have 1.25 million overseas employees.
During the "13th Five-Year Plan" period, the overseas operating income of central enterprises exceeded RMB 24 trillion, the total profit was close to RMB 600 billion, and the rate of return on foreign investment reached 6.7%.
[Explanation] Hao Peng said that from the perspective of specific results, the participation of central enterprises in the joint construction of the “Belt and Road” has achieved fruitful results, and the international operation capabilities and levels have been significantly improved, which has effectively promoted the economic and social development of the country where the project is located, and has driven nearly one million Employment of employees.
[Concurrent] Hao Peng, Director of SASAC
Central enterprises have participated in the construction of more than 3,400 projects along the “Belt and Road”, and the overseas service network of communication enterprises has spread to more than 40 countries.
A group of central enterprises have forged the strength to compete with multinational enterprises.
Especially in the high-speed rail, nuclear power and other central enterprises' products have gone out of the country and have become our country's beautiful business card.
(Central SOEs) participated in the implementation of a large number of benefit projects, such as the Qasim Power Station in Pakistan, which brought light to more than 4 million households.
The Côte d’Ivoire water supply project will benefit 2.3 million people after its completion.
[Explanation] Hao Peng said that in the future, the SASAC will also focus on building a new development pattern with the domestic cycle as the main body and the domestic and international double cycles mutually promoting each other, unswervingly increase the intensity of open cooperation, and strive to promote the internationalization of central enterprises. The road is more stable, solid and better.
At the meeting, when talking about the local debt bond defaults of some local state-owned enterprises from the second half of 2020, Peng Huagang said that this is not only due to the impact of the epidemic and external causes of market fluctuations, but also due to the blind expansion of the company itself and poor management. The result of the superposition of factors.
[Concurrent] Peng Huagang, Spokesperson of SASAC
First, to realize the survival of the fittest through risk clearing is a normal operating mechanism of the capital market, which is conducive to promoting the long-term healthy development of the financial market.
Second, although the default ratio of state-owned enterprise bonds has increased recently, it is still lower than the market average, and the default risk is generally controllable.
Third, any fraudulent issuance, false disclosure, malicious evasion of debts and other illegal activities should be severely cracked down.
[Explanation] Peng Huagang said that in the next step, the SASAC will continue to urge and guide enterprises to strengthen the prevention and control of debt risks, implement the requirements of the financial committee meeting, and jointly establish a state-owned enterprise bond risk prediction and early warning mechanism with the People's Bank of China and the China Securities Regulatory Commission.
Reporter Liu Xuanting reports from Beijing
Editor in charge: [Ji Xiang]